Contact Info

The AES Corporation operates as a power generation and utility company.
Business Lines and Strategic Business Units (SBUs)
The company’s business is organized into six market-oriented SBUs, including the U.S. (the United States), Andes (Chile, Colombia, and Argentina), Brazil, MCAC (Mexico, Central America, and the Caribbean), Europe, and Asia. Within its six SBUs, the company has two lines of business, Generation and Utilities.
The company owns and/or operates a generation portfolio of 28,212 megawatts (MW), excluding the generation capabilities of its integrated utilities. Its generation fleet is diversified by fuel type.
Electricity Sales Contracts: The company’s generation businesses sell electricity under medium- or long-term contracts (contract sales) or under short-term agreements in competitive markets (short-term sales).
Contract Sales: Most of the company’s generation fleet sells electricity under contracts. Its medium-term contract sales have a term of 2 to 5 years, while its long-term contracts have a term of approximately 5 years. Across its portfolio, the average remaining contract term is 7 years.
Renewable Generation Facilities: The company owns and operates 8,221 MW (4,364 proportional MW) of renewable generation, including hydro, wind, energy storage, biomass, and landfill gas.
Seasonality: The company’s generation businesses are affected by seasonal weather patterns throughout the year and, therefore, operating margin is not generated evenly by month during the year.
Utilities
The company’s eight utility businesses distribute power to approximately 10 million people in three countries. Its two utilities in the U.S. also include generation capacity totaling 6,520 MW. In general, the company’s utilities sell electricity directly to end-users, such as homes and businesses, and bill customers directly.
Seasonality: The company’s utility businesses are affected by seasonal weather patterns throughout the year and, therefore, the operating revenues and associated operating expenses are not generated evenly by month during the year.
Development and Construction
The company develops and constructs new generation facilities. For its utility businesses, new plants may be built in response to customer needs or to comply with regulatory developments and are developed subject to regulatory approval.
SBUs
All SBUs include generation facilities and three include utility businesses.
The U.S. SBU
The company has 12 generation facilities and 2 integrated utilities in the U.S.
The U.S. Utilities
IPALCO Enterprises, Inc. (IPALCO)
IPALCO owns Indiana, Indianapolis Power & Light Company (IPL). IPL engages primarily in generating, transmitting, distributing, and selling electric energy to approximately 480,000 customers in the city of Indianapolis and neighboring areas within the state of Indiana. IPL has a right to provide electric service to those customers. IPL’s service area covers approximately 528 square miles with a population of approximately 928,000. IPL owns and operates four generating stations. Two of the generating stations are primarily coal-fired. The third station has a combination of units that use coal (baseload capacity), natural gas, and/or oil (peaking capacity) for fuel to produce electricity. The fourth station is a small peaking station that uses gas-fired combustion turbine technology for the production of electricity. IPL’s net electric generation capacity for winter is 3,241 MW and net summer capacity is 3,123 MW.
Regulatory Framework: IPL is subject to regulation by the Indiana Utility Regulatory Commission with respect to IPL’s services and facilities; retail rates and charges; the issuance of long-term securities; and certain other matters. In addition, IPL’s rates include various adjustment mechanisms, including those to reflect changes in fuel costs to generate electricity or purchased power prices, referred to as Fuel Adjustment Charges, and for the timely recovery of costs incurred to comply with environmental laws and regulations referred to as Environmental Compliance Cost Recovery Adjustment.
DPL Inc. (DPL)
DPL is an energy

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